Hong Kong company registrationAfter that, you can apply for exemption of the penalty for not filing tax return on time, but it depends on whether there are valid reasons. If the tax return of Hong Kong company is not completed on time due to valid reasons, the tax bureau can accept the exemption.

If a Hong Kong company fails to declare tax on time to apply for exemption of the penalty, it needs to write a written application, stating the applicant's file number, the matters applied, as well as the detailed reasons and basis for the Hong Kong company's failure to declare tax on time, and then it needs to be signed by the applicant and submitted to the tax bureau. After receiving the written application document, the tax bureau will review and process it. If it accepts the applicant's reasons, it will waive the penalty arising from the failure to file the tax return on time. If it does not accept, it will require the applicant to pay the penalty already incurred.

If the applicant fails to pay the fine on time, he or she may be sued to the court for enforcement. Therefore, if the company in Hong Kong wants to continue its normal operation, it should deal with the fine caused by the overdue tax declaration in Hong Kong in time.

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